Developer Virako has selected builder Budimex as the general contractor of the first phase of its planned Monopolis mixed-use project in downtown Łódź, which will involve the revitalization and redevelopment of a historic post-industrial site that previously housed a vodka distillery. Construction work on this phase of the scheme, which will see the renovation of all the historic properties sitting on the site, is scheduled to launch later this month and finish in mid-2019. In the future, two new buildings will be built within the complex. The entire Monopolis development, which was designed by Grupa5 Architekci in cooperation with a local architectural studio, will comprise 24,000 sqm of office space and 5,400 sqm of service areas with JLL acting as the exclusive leasing agent. Virako has been active since 2001 and is known in Łódź for its Centrum Biznesowe Faktoria and Forum 76 Business Centre office projects.